-0.17(-1.04%)

-0.00(-0.04%)

AUD/USD Long Trade Meets Second Target

We entered long AUDUSD at 1.0238. Prices broke above resistance at 1.0412, the 61.8% Fibonacci retracement, meeting our second objective and exposing the 76.4% Fib at 1.0483. We will continue to hold long, looking for a break above that to expose the multi-month range top in the 1.0578-1.0624 region. The stop-loss has been revised to trigger on a daily close below 1.0298.